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June 1, 2023
RIYADH: Secretary-General of the Islamic Military Counter Terrorism Coalition Maj. Gen. Mohammed bin Saeed Al-Moghedi met Kenyan Defense Minister Aden Bare Duale in Nairobi on Wednesday to discuss counterterrorism and violent extremism-related issues. During his meeting with Al-Moghedi, the Kenyan minister praised the coalition’s framework – for military, counterterrorism,
June 1, 2023
Hussain AbdRab Al-Nabi is an innovation and strategy marketing leader and expert who has worked in both marketing and finance fields. He is vice president and head of marketing strategy at SAP South Europe, Middle East and Africa. He has contributed significantly to SAP throughout his more than decade-long experience with the company. As VP, his responsibilities include
June 1, 2023
The pressure may have been off Al-Ittihad in Jeddah on Wednesday but the celebratory atmosphere will never be forgotten by those present at the King Abdullah Sports City Stadium. The memories will last longer than the 2-0 win over Al-Tai as fans heralded their heroes and first title-winners since 2009. As expected, the hosts had the better of the 90 minutes but with the job
June 1, 2023
RIYADH: Oil prices rose on Thursday, reversing earlier losses, as a potential pause in US interest rate hikes and the debt ceiling bill passing a crucial vote renewed optimism about further fuel demand growth in the world’s biggest oil consumer. Brent crude futures for August rose 58 cents, or 0.80 percent, to $72.18 a barrel by 9:55 a.m. Saudi time, while US West Texas
June 1, 2023
RIYADH: Wallan Trading Co., one of the leading players in the Saudi car market, signed a strategic partnership to become the official distributor of Renault Group as the Riyadh-based firm looks to expand its automotive offerings in the Kingdom. A key distributor of global automobile brands including Hyundai Motors, Genesis, Kenworth, and Geely Motors, Wallan Trading says the
June 1, 2023
FRANKFURT: Eurozone inflation eased more than expected last month as underlying price growth also slowed, fuelling a debate about the need for further European Central Bank rate hikes beyond an increase later this month. Inflation in the 20 nations sharing the euro eased to 6.1 percent in May from 7.0 percent in April, below expectations for 6.3 percent in a Reuters poll of
June 1, 2023
SAO PAULO: As Latin American countries have been moving to enhance their energy infrastructure and meet the needs brought by economic development, investors worldwide have been demonstrating their desire to explore the region’s new opportunities. Gulf nations, especially Saudi Arabia and the UAE, have been among the most promising partners in the region’s upcoming energy
June 1, 2023
ANKARA: President Tayyip Erdogan played up his plans to repatriate a million Syrian refugees as he rode a wave of nationalism to his third decade in power, but he could struggle to make good on the promise as conflict lingers on in neighboring Syria. Erdogan, long seen as an ally by Syrian opponents of President Bashar Assad, emphasised refugee repatriation during bitter
June 1, 2023
RIYADH: The Kingdom’s sovereign wealth fund-owned Saudi Agricultural and Livestock Investment Co. and South American firm Marfrig Global Foods SA have committed to buying shares in a potential new offering worth $900 million by BRF SA, Brazil’s biggest poultry producer. BRF said in a bourse filing that SALIC offered to subscribe to 50 percent of the total offer or 500 million
June 1, 2023
Finally, in the early hours of Tuesday in Ahmedabad, the 2023 Indian Premier League ended after a marathon 74 matches. Chennai Super Kings triumphed dramatically over Gujarat Titans, last year’s winners, off the last ball, to claim their fifth IPL success. Attention will now turn away from the Twenty20 format, which threatens to devour professional cricket, to the longer